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Intesa Sanpaolo

Intesa Sanpaolo's capital adequacy ratio remain unchanged yoy at 17.7% in 4Q2019

By Helgi Library - February 19, 2020

Intesa Sanpaolo's capital adequacy ratio reached 17.7% at the end of fourth quarter of 2019, down from 17.8% when compared to the...

Intesa Sanpaolo's capital adequacy ratio remain unchanged yoy at 17.7% in 4Q2019

By Helgi Library - February 19, 2020

Intesa Sanpaolo's capital adequacy ratio reached 17.7% at the end of fourth quarter of 2019, down from 17.8% when compared to the...

Intesa Sanpaolo's net profit fell 40.8% yoy to EUR 908 mil in 4Q2019

By Helgi Library - February 19, 2020

Intesa Sanpaolo made a net profit of EUR 908 mil under revenues of EUR 4,567 mil in the fourth quarter of 2019, down 40.8% and ...

Profit Statement 2017 2018 2019
Net Interest Income EUR mil 6,821 7,436 7,005
Net Fee Income EUR mil 7,428 7,603 ...
Other Income EUR mil 10,437 5,633 ...
Total Revenues EUR mil 24,686 20,672 18,083
Staff Cost EUR mil 7,177 5,932 5,744
Operating Profit EUR mil 12,856 10,339 9,610
Provisions EUR mil 3,154 2,509 2,089
Net Profit EUR mil 5,256 4,792 4,677
Balance Sheet 2017 2018 2019
Interbank Loans EUR mil 103,540 102,948 76,701
Customer Loans EUR mil 368,056 359,909 365,698
Total Assets EUR mil 796,861 787,721 816,102
Shareholders' Equity EUR mil 56,187 54,422 56,215
Interbank Borrowing EUR mil 162,510 173,815 153,047
Customer Deposits EUR mil 302,083 299,795 410,073
Issued Debt Securities EUR mil 92,985 82,060 2,314
Ratios 2017 2018 2019
ROE % 9.96 8.66 8.45
ROA % 3.66 2.84 2.65
Costs (As % Of Assets) % 3.37 2.84 2.34
Costs (As % Of Income) % 47.9 50.0 46.9
Capital Adequacy Ratio % 17.9 17.7 17.7
Net Interest Margin % 0.896 0.939 0.874
Loans (As % Of Deposits) % 122 120 89.2
NPLs (As % Of Loans) % 13.0 9.55 8.14
Provisions (As % Of NPLs) % 61.5 60.3 60.1
Valuation 2017 2018 2019
Price/Earnings (P/E) 8.84 6.79 8.79
Price/Book Value (P/BV) 0.827 0.598 0.731
Dividend Yield % 7.33 10.2 8.18
Earnings Per Share (EPS) EUR 0.313 0.286 0.267
Book Value Per Share EUR 3.35 3.24 3.21
Dividend Per Share EUR 0.203 0.197 0.192

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summary Unit 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                                                
Net Interest Income EUR mil                                                   9,796 10,130 9,616 9,076 6,821    
Total Revenues EUR mil                                                   17,735 18,633 19,529 18,925 24,686    
Operating Profit EUR mil                                                   8,549 8,384 8,975 9,405 12,856    
Net Profit EUR mil                                                   2,177 1,292 3,040 3,672 5,256    
balance sheet                                                                
Interbank Loans EUR mil                                                   41,540 48,299 55,894 83,086 103,540    
Customer Loans EUR mil                                                   328,964 322,178 328,561 334,773 368,056    
Debt Securities EUR mil                                                   172,332 186,580 207,511 225,327 245,138    
Total Assets EUR mil                                                   624,179 646,427 676,496 725,100 796,861    
Shareholders' Equity EUR mil                                                   45,063 45,062 48,593 49,319 56,187    
Interbank Borrowing EUR mil                                                   75,042 78,871 88,519 106,484 162,510    
Customer Deposits EUR mil                                                   213,424 210,166 234,842 267,315 302,083    
Issued Debt Securities EUR mil                                                   138,197 123,768 110,144 94,783 92,985    
ratios                                                                
ROE % ...                                                 4.57 2.87 6.49 7.50 9.96    
ROA % ...                                                 2.48 2.58 2.76 2.84 3.66    
Costs (As % Of Assets) % ...                                                 2.66 3.15 3.24 2.87 3.37    
Costs (As % Of Income) %                                                   51.8 55.0 54.0 50.3 47.9    
Capital Adequacy Ratio % ... ... ... ... ... ...                         ...             15.1 17.2 16.6 17.0 17.9    
Net Interest Margin % ...                                                 1.51 1.59 1.45 1.30 0.896    
Interest Income (As % Of Revenues) %                                                   55.2 54.4 49.2 48.0 27.6    
Fee Income (As % Of Revenues) %                                         ...         33.4 34.8 35.3 35.6 30.1   ...
Staff Cost (As % Of Total Cost) %                                                   53.9 51.6 50.8 57.7 60.7    
Equity (As % Of Assets) %                                                   13.7 14.0 14.8 14.7 15.3    
Loans (As % Of Deposits) %                                                   154 153 140 125 122    
Loans (As % Assets) %                                                   52.7 49.8 48.6 46.2 46.2    
NPLs (As % Of Loans) % ... ... ...                               ...   ...         16.0 17.7 17.5 15.9 13.0    
Provisions (As % Of NPLs) % ... ... ...     ... ...                       ...   ...         50.7 51.0 51.2 52.0 61.5    
valuation                                                                
Market Capitalisation (End Of Period) USD mil                                                   40,603 49,146 56,321 42,945 55,886    
Number Of Shares (Average) mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   16,414 16,444 16,765 16,774 16,770    
Share Price (End Of Period) EUR                                                   1.79 2.42 3.09 2.43 2.77    
Earnings Per Share (EPS) EUR ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   0.133 0.079 0.181 0.219 0.313    
Book Value Per Share EUR ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   2.75 2.74 2.90 2.94 3.35    
Dividend Per Share EUR ... ... ... ... ... ... ... ...       ... ...                         0.050 0.070 0.140 0.178 0.203    
Price/Earnings (P/E) ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   13.5 30.8 17.0 11.1 8.84    
Price/Book Value (P/BV) ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   0.653 0.884 1.07 0.825 0.827    
Dividend Yield % ... ... ... ... ... ... ... ...       ... ...                         2.79 2.89 4.53 7.34 7.33    
Earnings Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 -6.22 -40.8 131 20.7 43.2    
Book Value Per Share Growth % ...                                                 -10.2 -0.181 5.77 1.44 14.0    
income statement Unit 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                                                
Interest Income EUR mil                                                   17,292 16,266 14,526 13,326 10,623   ...
Interest Cost EUR mil                                         ...         7,496 6,136 4,910 4,250 3,802   ...
Net Interest Income EUR mil                                                   9,796 10,130 9,616 9,076 6,821    
Net Fee Income EUR mil                                         ...         5,920 6,477 6,895 6,735 7,428   ...
Other Income EUR mil                                         ...         2,019 2,026 3,018 3,114 10,437   ...
Total Revenues EUR mil                                                   17,735 18,633 19,529 18,925 24,686    
Staff Cost EUR mil                                                   4,951 5,284 5,364 5,494 7,177    
Depreciation EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         ...         347 ... 338 332 346    
Other Cost EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         ...         3,888 ... 4,852 3,694 4,307    
Operating Cost EUR mil                                                   9,186 10,249 10,554 9,520 11,830    
Operating Profit EUR mil                                                   8,549 8,384 8,975 9,405 12,856    
Provisions EUR mil                                                   6,596 4,117 2,751 3,026 3,154    
Extra and Other Cost EUR mil                                                   -737 1,252 1,614 1,250 860    
Pre-Tax Profit EUR mil                                                   2,690 3,015 4,610 5,129 8,842    
Tax EUR mil                                                   520 1,664 1,503 1,368 3,548    
Minorities EUR mil                                                   -7.00 59.0 67.0 89.0 38.0    
Net Profit EUR mil                                                   2,177 1,292 3,040 3,672 5,256    
Dividends EUR mil                       ... ...                         821 1,200 2,350 2,988 3,419    
growth rates                                                                
Net Interest Income Growth % ...                                                 -16.9 3.41 -5.07 -5.62 -24.8    
Net Fee Income Growth % ...                                       ... ...       15.4 9.41 6.45 -2.32 10.3   ...
Total Revenue Growth % ...                                                 -8.59 5.06 4.81 -3.09 30.4    
Operating Cost Growth % ...                                                 -4.54 11.6 2.98 -9.80 24.3    
Operating Profit Growth % ...                                                 -12.6 -1.93 7.05 4.79 36.7    
Pre-Tax Profit Growth % ...                                                 -30.4 12.1 52.9 11.3 72.4    
Net Profit Growth % ...                                                 -6.34 -40.7 135 20.8 43.2    
balance sheet Unit 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
balance sheet                                                                
Cash EUR mil                                                   6,525 6,631 9,344 8,686 9,353   ...
Interbank Loans EUR mil                                                   41,540 48,299 55,894 83,086 103,540    
Customer Loans EUR mil                                                   328,964 322,178 328,561 334,773 368,056    
Retail Loans EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 203,034 204,576 195,245    
Mortgage Loans EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 156,100 162,438 173,163    
Consumer Loans EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 46,934 42,138 22,082    
Debt Securities EUR mil                                                   172,332 186,580 207,511 225,327 245,138    
Fixed Assets EUR mil                                                   4,929 4,800 5,010 4,772 6,678    
Intangible Assets EUR mil ... ... ... ... ... ... ... ... ...                                 7,471 7,243 7,195 7,393 7,741    
Goodwill EUR mil ... ... ... ... ... ... ... ... ... ... ... ...                           3,899 3,899 3,914 4,059 4,056    
Total Assets EUR mil                                                   624,179 646,427 676,496 725,100 796,861    
Shareholders' Equity EUR mil                                                   45,063 45,062 48,593 49,319 56,187    
Of Which Minority Interest EUR mil                                                   543 379 817 408 399    
Liabilities EUR mil                                                   579,116 601,365 627,903 675,781 740,674    
Interbank Borrowing EUR mil                                                   75,042 78,871 88,519 106,484 162,510    
Customer Deposits EUR mil                                                   213,424 210,166 234,842 267,315 302,083    
Sight Deposits EUR mil                                     ... ... ...         149,500 162,825 182,062 224,687 258,137   ...
Term Deposits EUR mil                                     ... ... ...         54,087 36,797 43,278 33,047 30,498   ...
Issued Debt Securities EUR mil                                                   138,197 123,768 110,144 94,783 92,985    
Subordinated Debt EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ...     ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Other Liabilities EUR mil                                                   152,453 188,560 194,398 207,199 183,096    
asset quality                                                                
Non-Performing Loans EUR mil ... ... ...                               ...             57,342 62,867 63,114 58,137 52,057    
Gross Loans EUR mil                                         ...         358,065 354,220 360,856 364,978 400,056    
Total Provisions EUR mil           ... ...                           ...         29,101 32,042 32,295 30,205 32,000    
growth rates                                                                
Customer Loan Growth % ...                                                 -9.05 -2.06 1.98 1.89 9.94    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 0.759 -4.56    
Mortgage Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 4.06 6.60    
Consumer Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... -10.2 -47.6    
Total Asset Growth % ...                                                 -7.32 3.56 4.65 7.18 9.90    
Shareholders' Equity Growth % ...                                                 -10.2 -0.002 7.84 1.49 13.9    
Customer Deposit Growth % ...                                                 4.81 -1.53 11.7 13.8 13.0    
ratios Unit 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
ratios                                                                
ROE % ...                                                 4.57 2.87 6.49 7.50 9.96    
ROA % ...                                                 2.48 2.58 2.76 2.84 3.66    
Costs (As % Of Assets) % ...                                                 2.66 3.15 3.24 2.87 3.37    
Costs (As % Of Income) %                                                   51.8 55.0 54.0 50.3 47.9    
Capital Adequacy Ratio % ... ... ... ... ... ...                         ...             15.1 17.2 16.6 17.0 17.9    
Tier 1 Ratio % ... ... ... ... ... ...   ...                     ...             12.3 14.2 13.8 13.9 15.2    
Net Interest Margin % ...                                                 1.51 1.59 1.45 1.30 0.896    
Interest Spread % ...                                       ...         1.42 1.52 1.40 1.25 0.859   ...
Asset Yield % ...                                                 2.67 2.56 2.20 1.90 1.40    
Cost Of Liabilities % ...                                       ...         1.25 1.04 0.799 0.652 0.537   ...
Payout Ratio %                       ... ...                         37.7 92.9 77.3 81.4 65.0    
Interest Income (As % Of Revenues) %                                                   55.2 54.4 49.2 48.0 27.6    
Fee Income (As % Of Revenues) %                                         ...         33.4 34.8 35.3 35.6 30.1   ...
Other Income (As % Of Revenues) %                                         ...         11.4 10.9 15.5 16.5 42.3   ...
Cost Per Employee USD per month                                     ...             5,836 6,343 5,685 5,507 6,931    
Cost Per Employee (Local Currency) EUR per month                                     ...             4,396 4,921 4,959 5,137 6,173    
Staff Cost (As % Of Total Cost) %                                                   53.9 51.6 50.8 57.7 60.7    
Equity (As % Of Assets) %                                                   13.7 14.0 14.8 14.7 15.3    
Loans (As % Of Deposits) %                                                   154 153 140 125 122    
Loans (As % Assets) %                                                   52.7 49.8 48.6 46.2 46.2    
NPLs (As % Of Loans) % ... ... ...                               ...   ...         16.0 17.7 17.5 15.9 13.0    
Provisions (As % Of NPLs) % ... ... ...     ... ...                       ...   ...         50.7 51.0 51.2 52.0 61.5    
Provisions (As % Of Loans) %           ... ...                           ...         8.85 9.95 9.83 9.02 8.69    
Cost of Provisions (As % Of Loans) % ...                                                 1.91 1.26 0.846 0.912 0.898    
other data Unit 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
other data                                                                
Branches ... ... ... ... ... ... ... ... ... ... ...               ...             6,227 5,867 5,386 5,163 5,843    
Employees                                     ...             93,845 89,486 90,134 89,126 96,892    
Sight (As % Of Customer Deposits) %                                     ... ... ...         70.0 77.5 77.5 84.1 85.5   ...
Risk-Weighted Assets EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...     ...             276,291 269,786 284,311 283,912 286,825    
Return on Loans %                                                   0.631 0.397 0.934 1.11 1.50    
Operating Profit (As % of Loans) % ...                                                 2.48 2.58 2.76 2.84 3.66    
Costs (As % Of Loans) % ...                                                 2.66 3.15 3.24 2.87 3.37    
Equity (As % Of Loans) %                                                   13.7 14.0 14.8 14.7 15.3    

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Intesa Sanpaolo's net profit fell 40.8% yoy to EUR 908 mil in 4Q2019

By Helgi Library - February 19, 2020

Intesa Sanpaolo made a net profit of EUR 908 mil under revenues of EUR 4,567 mil in the fourth quarter of 2019, down 40.8% and 2.46% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of EUR 3...

Intesa Sanpaolo's npls (as % of loans) fell 14.8% yoy to 8.14% in 4Q2019

By Helgi Library - February 19, 2020

Intesa Sanpaolo's non-performing loans reached 8.14% of total loans at the end of 2019-12-31, down from 9.55% compared to the previous year. Historically, the NPL ratio hit an all time high of 22.6% in 2012-09-30 and an all time low of 2.58% in 2004-09-30. ...

Intesa Sanpaolo's npls (as % of loans) fell 14.8% yoy to 8.14% in 4Q2019

By Helgi Library - February 19, 2020

Intesa Sanpaolo's non-performing loans reached 8.14% of total loans at the end of 2019-12-31, down from 9.55% compared to the previous year. Historically, the NPL ratio hit an all time high of 22.6% in 2012-09-30 and an all time low of 2.58% in 2004-09-30. ...

Intesa Sanpaolo's price/earnings (P/E) rose 114% yoy to 11.3 in 4Q2019

By Helgi Library - February 19, 2020

Intesa Sanpaolo stock traded at EUR 2.35 per share at the end fourth quarter of 2019 implying a market capitalization of USD 46,175 mil. Since the end of 4Q2014, the stock has depreciated by -3.03 % implying an annual average growth of -0.614 %. In absolute terms, the...

Intesa Sanpaolo's price/earnings (P/E) rose 114% yoy to 11.3 in 4Q2019

By Helgi Library - February 19, 2020

Intesa Sanpaolo stock traded at EUR 2.35 per share at the end fourth quarter of 2019 implying a market capitalization of USD 46,175 mil. Since the end of 4Q2014, the stock has depreciated by -3.03 % implying an annual average growth of -0.614 %. In absolute terms, the...

Intesa Sanpaolo's employees fell 3.27% yoy to 89,102 in 4Q2019

By Helgi Library - February 19, 2020

Intesa Sanpaolo employed 89,102 persons in 2019-12-31, down 0.330% when compared to the previous year. Historically, the bank's workforce hit an all time high of 112,875 persons in 2008-09-30 and an all time low of 56,741 in 2006-09-30. Average cost reached USD 6,...

Intesa Sanpaolo's employees fell 3.27% yoy to 89,102 in 4Q2019

By Helgi Library - February 19, 2020

Intesa Sanpaolo employed 89,102 persons in 2019-12-31, down 0.330% when compared to the previous year. Historically, the bank's workforce hit an all time high of 112,875 persons in 2008-09-30 and an all time low of 56,741 in 2006-09-30. Average cost reached USD 6,...

Intesa Sanpaolo's market capitalisation (end of period) rose 11.2% to USD 46,175 mil in 4Q2019

By Helgi Library - February 19, 2020

Intesa Sanpaolo stock traded at EUR 2.35 per share at the end of fourth quarter of 2019 implying a market capitalization of USD 46,175 mil. Over the last five years, the stock has depreciated by 3.03 implying an annual average growth of -0.614% In absolut...

Intesa Sanpaolo's market capitalisation (end of period) rose 11.2% to USD 46,175 mil in 4Q2019

By Helgi Library - February 19, 2020

Intesa Sanpaolo stock traded at EUR 2.35 per share at the end of fourth quarter of 2019 implying a market capitalization of USD 46,175 mil. Over the last five years, the stock has depreciated by 3.03 implying an annual average growth of -0.614% In absolut...

Intesa Sanpaolo's equity (as % of assets) fell 0.298% yoy to 6.89% in 4Q2019

By Helgi Library - February 19, 2020

Intesa Sanpaolo's Equity reached 6.89% of total assets in the 4Q2019, down from 6.91% for the previous year. As a share of net customer loans, the ratio amounted to 15.4% at the end of the fourth quarter of 2019. ...

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